Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1887-06-17
WHEAT PANIC.

TIE MORNING hours on THE CHICAGO
BoAKD SPENT IN ANAIoUs wkTrxo
FoR PRoMTaKn ANNOUNCEMENTS.
CHICAGO, June 16.-The exciting scsneI
OF yesterday aud the day before verS
not Witnessed at the opening OF the
Board. this morning. A few bad gath
cred In the galleries before the opening
They soon grew tired Of the calm which
prevailed. and departed. ID vas given
oct that keEshaW would announce AZ II
o'clock whether be would be able %
meet the claims against him or not. II
is generally epnoedsd that everything
depends on kershAW's action. Some
members have an idea that be will pnll
through, bat the majority are doubtful
on the subject Scarcely any trading is
being dsne, and the prices are fiaotuat-
ing at siiehs fractions. There are Eu-
noFs Of impending failures. bat every
thing awaits she announcement 20 be
made by Kershaw. In the meantime
business il st q standstill. Jaly wheat
opened at 73, and has austHatsd between
that aRHre asd 72Sf.
1870 .. m.-All sorts Of Eumors are
being circulated On Chance in regard
to the probable action Of kershav. II
Is said that q meeting ef the Directors
Of the Beard will be held az l0;40 fer
the purpose of considering the situ-
alton.
An effort is being made BY the credit
ors of Kershaw 10 induee the Directors
to force E2Qleston 10 assume she Fespon-
sibility of Kershag's debts. Eagleston
il q millionaire, and Il said 60 have been
a special partner Of KeFahav for some
tina. Il is also TumoFed that a long
vas held in Armour's Office
this morning, a. which efforts we're
made TO induce Armour TO put NJ money
10 carry Kershaw through. The result
Of the conference 10 not known.
sPEoULATIos BRISK IN NEW YORK.
Nzw YoRk, June 16.-Ths feeling IN
The wheat pit AZ the Produce Exchange
was more settled this morning. Prices
at the opening from to 40
0n first sales. Speculation ia brisk and
attended With some excitement, and Is
mainly confined to The city.
SUITS FoR MILLIONS.
CHICAeo, June Isl 3. Wiltshire, the
specuiatsE Who vas 90 init
mAtely connected with the collapsed
wheat corner, began suit in the Superior
Court this morning against Maurice
Rosenfeld aud Frank johnson, charR-
ing a breach of coBtraot. Two million
dollars damages are claimed. Rosenfeid
YESTERDAY began a suit for one million
dollars against Wiltshire, Eekert & %.
The complainants assert that thsy we're
cold without authority and without Civ
ing them an opportunity 10 put np mar
gins. They further claim that funds
the firm we're not used accord
ing 30 instructions, and II they bad been
so used the frm need not have failed
and the market would not have been
depressed. Il is also claimed that the
defendants owe kershaV 4 Co. eI5, 600,
also that they are liable to repay all the
money advanced them on margins.
SUITS BEGUN IN NEW YORK.
NEW YoRK, June l6.--Jones, MeOOr-
mick & Kennett have procured attach
ments against the property OF the two
suspended Chicago Rraiu drms 10 this
State. they claim 10 one suit the sun
OF S39,675 from Rosanfeid q CT. The
other suit is against KsrahaW a Co., the
amount claimed being e26 ,26o.
HOUSE.
CHICAGO, June l6.-Noon. IT. L. Bal
inc L Co, who suspended yesterday aud
then announced their solvency, have
again requested that their trades be
closed out. Toe official report Of the
clearing house was very late in coming
in, but IL was said on the hooF that ev-
erybody went throngh ell right, and
the members are already beginning TO
gather In the vhea, pit. Juiy wheat
advanced TO 73lx.
Ip. m.-As son as it became known
that nobody bad failed TO get through
the clearing house, although nothing
definite bad been heard fFon keFshaW
a Co., yet the feeling Of confidence be.
came general and everybody at once be-
gan trading moderately. Prices
became frmeF and Q general advance 10
ali operations occurred. Jaly wheat,
which had fiuotnated all the msFninp
between 72s[ and %, advanced slightly,
closing at 7S1s.
ASorHKR HEAVY EAILUEK.
Jnst at the close Of the morning ses.
sion John J. BryaRt & 90. announced
that they desired that their trades b
closed cot. This 10 q heavy failure, In
volvinR over $4,000
MINHKAPoLs FIEM SUSPENDED.
MrxxELPoLIs. Juue I6.-Grifiih. Mar.
shall & Co.. grain brokers. bavs sus
pended, owing 70 close business rsla.
lions with the Kershaw 6Fm at Chicago.